The bill amends the Michigan strategic fund act to establish the Michigan defense center, which is tasked with focusing on job creation and retention related to homeland security and defense contracts. The center will coordinate with APEX Accelerators to enhance business opportunities for small businesses and prioritize support for municipalities affected by manufacturing layoffs. It sets a performance objective to increase defense contracts awarded to Michigan-based businesses and outlines the need for resources to achieve this goal. Additionally, the center is required to hire an executive director and support staff, with the potential for further hiring based on an approved business plan.

Key changes in the bill include the replacement of "procurement technical assistance center" with "APEX Accelerator" in several instances, reflecting a shift in focus towards these specific entities. The bill also modifies the language regarding the exercise of shared powers between the Michigan defense center and local public agencies, changing "shall" to "must." Furthermore, it specifies that the Michigan defense center cannot use state funds for constructing or renovating its own facilities. Entities receiving funding from the center are required to report annually on the use of those funds and the contracts obtained.

Statutes affected:
Senate Introduced Bill: 125.1972
As Passed by the Senate: 125.1972